Credit Suisse Group set a GBX 225 ($2.94) price target on Vodafone Group (LON:VOD) in a report released on Wednesday, October 17th. The brokerage currently has a buy rating on the cell phone carrier’s stock.
Several other equities research analysts have also recently commented on the company. Sanford C. Bernstein set a GBX 215 ($2.81) price objective on Vodafone Group and gave the company a buy rating in a research report on Tuesday, October 9th. Jefferies Financial Group set a GBX 165 ($2.16) target price on Vodafone Group and gave the stock a neutral rating in a research report on Monday, October 8th. Barclays set a GBX 220 ($2.87) target price on Vodafone Group and gave the stock a buy rating in a research report on Friday, October 5th. Deutsche Bank reissued a buy rating and issued a GBX 265 ($3.46) target price on shares of Vodafone Group in a research report on Friday, September 28th. Finally, Berenberg Bank dropped their target price on Vodafone Group from GBX 253 ($3.31) to GBX 243 ($3.18) and set a buy rating on the stock in a research report on Wednesday, September 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 222.62 ($2.91).
Shares of Vodafone Group stock traded down GBX 3.16 ($0.04) during trading on Wednesday, hitting GBX 143.92 ($1.88). 74,277,525 shares of the company’s stock traded hands, compared to its average volume of 61,020,000. Vodafone Group has a 1 year low of GBX 197.45 ($2.58) and a 1 year high of GBX 239.65 ($3.13).
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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